Indonesia Morning News For July 6

Indonesia Morning News For July 6
Estimated Reading Time: 5 minutes |

Indonesia morning newsWB to grant $400 million to deal with stunting
The World Bank (WB) has agreed to grant US$400 million to deal with stunting in Indonesia, Coordinating Minister for Maritime Affairs Luhut Binsar Panjaitan said.
— Antara News

Local Media Indonesia: 3 Bomb Explosions in Pasuruan, East Java
Local media in Indonesia report that around noon (local time) on Thursday (05/07) three bomb explosions were heard stemming from a rented house in Pasuruan (East Java).
— Indonesia Investments (media release)

Indonesia on track to commission amphibious tank carrier by end-2018
A 117 m landing ship tank (LST) on order for the Indonesian Navy (Tentara Nasional Indonesia – Angkatan Laut, or TNI-AL) is making good progress in its trials and final fitting out processes, and the service is expected to commission the vessel by November 2018.
— Jane’s 360

Government to impose 57 percent e-cigarette tax
The government will impose a 57 percent tax on electronic cigarettes, but its implementation has been postponed from July 1 to Oct. 1.
— The Jakarta Post

Indonesia mutual fund assets up 10.33% in January-May
The Indonesian mutual fund industry’s assets under management (AUM) rose 10.33% through the first five months of the year despite a decline in May, driven by gains in equities funds, according to data from the Financial Services Authority of Indonesia.
— Asia Asset Management

Office Space in Jakarta: Occupancy Rate Falls on New Supply
The occupancy rate of office space in Jakarta in 2018 is estimated to reach its lowest level since 2012.
— Indonesia Investments (media release)

PGN to disburse $1.2b for Pertagas acquisition
Newly established state-owned gas subholding company PT Perusahaan Gas Negara (PGN), which acquired 51 percent shares in Pertagas, a subsidiary of state energy giant Pertamina, on Friday must disburse US$1.2 billion, according to a public auditor assigned to valuating the shares.
— The Jakarta Post

Here’s How Indonesia Can Benefit From China’s Belt and Road Initiative
Indonesia is expected to benefit from China’s ambitious Belt and Road Initiative as it will boost connectivity with its neighbors in Southeast Asian amid the nation’s infrastructure push in the maritime sector.
— Jakarta Globe

Indonesia must be prepared for trade war: WB
Indonesia must be prepared for a possible trade war between countries with strong economic power, World Bank (WB) President Jim Yong Kim stated.
— Antara News

Indonesian conglomerates-backed tech fund to be launched in six months: minister
An Indonesian tech venture capital fund backed by the country’s largest conglomerates will be launched within the next six months, the communications minister said on Thursday.
— Reuters

Govt ‘wasted budget’ on WTO tobacco packaging dispute, says YLKI
The Indonesian Consumers Foundation (YLKI) has criticized the government for “wasting the state budget” on challenging Australia’s plain tobacco packaging law in a recent trade dispute at the World Trade Organization (WTO).
— The Jakarta Post

Gov’t Will Unblock Tik Tok Once It Complies With Requirements: Minister
Indonesia will restore access to Tik Tok, a music video platform and social network application, as soon as the developer complies with the government’s requirements, Communications Minister Rudiantara said on Wednesday (04/07).
— Jakarta Globe

In Indonesia, innovative education programs highlight teachers’ education gap
Progressing the education agenda in Indonesia is a national objective managed by the ministry of education and culture.
— Devex

More than 500 terror plots foiled in Indonesia since 2012, says police chief
Despite the wave of violence that has swept Indonesia in recent years, the country’s police have enjoyed “remarkable success” in cracking down on domestic terrorism, according to national police chief Tito Karnavian.
— Channel NewsAsia

AMCDRR: Integrated risk management puts down roots in Indonesia
The Partners for Resilience country team in Indonesia this week published a compendium of case studies of PfR work in the country – “examples of how communities are uniquely affected by climate change and how PfR and its stakeholders work together and come up with unique solutions,” an introduction says.
— ReliefWeb

West Nusa Tenggara kicks off construction of cruise ship terminal
State-owned seaport operator PT Pelindo III kicked off on Thursday the construction of the Gili Mas Terminal at Lembar Seaport, West Lombok in West Nusa Tenggara to facilitate the arrivals of large cruise ships that can carry up to 4,000 passengers.
— The Jakarta Post

Talking Indonesia: the 2018 regional elections
On 27 June, Indonesia held elections for mayors and governors in 154 districts and 17 provinces. It was the third and final round of such regional elections – referred to as pilkada – in this five year electoral cycle.
— Indonesia at Melbourne

STP Bali Pushes Gastronomy as New Attraction for Culinary Destination in Bali
Gastronomy has become one of Bali’s attractions, even UN World Tourism Organization (UNWTO) has established Ubud as a prototype of gastronomic tourism development from Indonesia.
— Netral News

Tourism Ministry Creates Three Strategic Programs to Achieve Foreign Tourist Visit Target
The number of foreign tourist arrivals to Indonesia in May 2018 reached as much as 1.20 million visits or up 4.55 percent compared to May 2017’s 1.15 million visits.
— Netral News

Indonesian Conglomerates-Backed Tech Fund to Be Launched in 6 Months: Minister
An Indonesian tech venture capital fund backed by the country’s largest conglomerates will be launched within the next six months, Communications Minister Rudiantara said.
— Jakarta Globe

 

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Indonesia morning news by AEC News Today is your one stop source for Indonesia news on matters of governance and policies affecting Asean business communities and is published M-F by AEC News Today: Governance, not government; policies not politics.

 

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Stella-maris Ewudolu

Journalist at AEC News Today
Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005. Between November 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. Since 2010 she has worked as a freelance screen writer for 'Nollywood', Nigeria.

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